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Monthly Archives: September 2011

FLASH: S&P Downgrades Italy

Cut to A, outlook negative.

“The negative outlook reflects Standard & Poor’s view of risks to the Italian government’s fiscal targets over 2011-2014.”

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Greek Theatre: Greece to Exit Eurozone?

According to sources, Papandreou hopes that the outcome of such a vote would constitute a fresh mandate for his Socialist government to continue with an austerity drive backed by Greece’s international lenders — the European Commission, the European Central Bank and the International Monetary Fund.

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